Buy inside bar

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01/27/2022 at 5:47 PM #186743 quote

bullbear
Participant

Senior

Is it possible to take a position in the ongoing bar.

In normal cases, a position is taken in the next bar.

Now the Nasdaq is moving 40 points in 5 min timeframe chart.

Gets difficult with good entry then.

01/27/2022 at 6:08 PM #186750 quote

SnorreDK
Participant

Junior

Entry in lower timeframe?

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01/27/2022 at 6:20 PM #186752 quote

robertogozzi
Moderator

Master

Strategies are executed when a a bar closes and they evaluate conditions on the closed bar (which is the CURRENT bar till the next one closes). If conditions are met and a position is immediately opened you will see the arrow under the bar that is being opened.

If you are using a 5-minute bar you may take advantage of the Multi Time Frame feature that allows strategies to use multiple timeframes, to use the 5-minute TF itself and a lower TF, such as 1 minute or 1 second, to be able to access the 5-minute bar while it’s being formed, every 1 minute or 1 second.

The drawback is that your data history will be reduced, 200K 5-minute bars is quite a longer period than 200K 1-second bars!

Searching this forum for the word MTF will return you many links to articles, examples and code snippets about it.

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Buy inside bar

ProOrder: Automated Strategies & Backtesting

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bullbear @bullbear Participant

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This topic contains 2 replies,
has 3 voices, and was last updated by robertogozzi
4 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	01/27/2022
Status:	Active
Attachments:	No files

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